Senator proposes $100B to fund new agency for AI and Emerging Technologies research

“Senate Minority Leader Chuck Schumer, D-N.Y., suggested this week that the Federal government make a massive investment in artificial intelligence (AI) research and other technologies through a new Federal agency created for that purpose, with a $100 billion budget over five years.”

“Sen. Schumer emphasized the need for more AI investment in a Nov. 5 address at a conference held by the National Security Commission on Artificial Intelligence. The commission – chartered by Congress to examine U.S. competitiveness on AI – will make a final report to Congress in October 2020.  The commission released an interim report this week that aired some preliminary policy concerns…”

“The investment effort described by Sen. Schumer envisions creation by the National Science Foundation and the Defense Advanced Research Projects Agency (DARPA) of new a subsidiary organization of NSF – the National Science and Technology Foundation – to fund research into AI and other emerging technologies. The agency would have a board of directors to oversee $100 billion in research investments over five years…” Read the full article here.

Source: Sen. Schumer Suggests $100 Billion Federal AI/Tech Investment Effort – November 7, 2019. MeriTalk.

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